I will no longer be posting to NGETF.com This was an interesting hobby; even enjoyable at times. It was intended to be directed at those who know very little about trading natural gas; those that know very little thought I was doing a fair job. It’s not something I can continue as a hobby, and I cannot quite my job in an attempt to make it more. I hope it has helped a few people navigate the market at times, or learn something about the market.
I will leave the site up for a while, as I may want to come back to it at some point. If anyone else would like to post, or even take it over, you’re welcome to at no cost. Just let me know.
By heavy, I mean I’ve sold a second share and I’m not holding onto my 10 to 1 ration of UNL shares to compensate. My balance looks good, so I’m going to keep this current ratio of long/short positioning until the market comes back down some and I can start buying UNL again.
That’s it for UNL/BOIL. I’m considering a covered call in this account. The account balance is about right to open up a new position in SLB. I’ve been thinking about it for a while, and I’ve decided to sell a covered call against DBX (Dropbox). Holy crap, 4% on a 10 day ATM trade. I’ll take that chance.
So I’ve been using this for a lot of entries lately. But it’s hard to make mistakes when everything is going up, all the damn time. With that said; DBX is at the lower end of an upward channel, possibly crossing above 20MA today. I’m going to go ahead and pull the trigger on this trade and hope that I’m not ignoring something important within DBX.
I’m going to buy 100 shares and sell an ATM call 10 days out (5/7/21 expiration). That expiration date is a day after earnings. I can always get out any time before earnings.
Check back later or tomorrow for my entry. Good Luck
First, I’ve located a screenshot from when my balance is within 2 cents of my current balance. This was most likely pre-market 3/2/21, with a balance of $2605.65. I was still holding UNG short.
Since then, I’ve made 4 trades. Also, it seems I have paid a Hard-to-Borrow fee. Well, I actually incurred the fee the day before the screenshot above, so it doesn’t count, but I’ll leave it to show the fee associated with my BOIL/UNG short. The balances shown, would be the cash balance in the account without the holdings included.
Now my current balance and holdings as of this morning, 4/19/21.
Well, a moment ago my balance was $2605.63…. of course. Anyway, I’ve ridden through another dip in the gas market. BOIL and UNL currently at a gain, but the market isn’t quite as high priced as before, so it’s not quite a direct comparison. Close enough to mention, and decay seems to be on my side. I just need to increase my holdings to boost efficiency of this trade. That’s it for now. If the market moves much higher, I’ll reduce UNL by 10 shares again. Good Luck
I’ve reduced UNL to 40 shares total from 50 shares; still holding 1 share of BOIL short.
I actually put the order in yesterday at 8.04 and it went through. I did hear of a 1Bcf/d disruption in Appalachia that may be responsible for gas moving higher. I’m sure that will be resolved quick enough. good luck